Honeywell plans $300-million HFO-1234yf investment at Geismar site

1:59 PM MST | December 10, 2013 | Lindsay Frost

Honeywell says it will invest $300 million to a build a plant for HFO-1234yf, a hydroflurocarbon refrigerant for automobiles, at its Geismar, LA, site. The plant is expected to be operational in 2016, Honeywell says. The size of the plant "depends on supply agreements that Honeywell is putting in place with major customers," the company says. The investment will be made my Honeywell and "key suppliers," the company adds. “Demand for HFO-1234yf is increasing around the world in response to concerns about greenhouse gas emissions and...